China Audit Found Irregularities at Wealth Fund, Two State Banks

Updated June 18, 2014 5:57 p.m. ET

China's government auditing agency said Wednesday that last year it found financial irregularities at two big state banks and the nation's sovereign-wealth fund and that all three need to tighten their management.

The National Audit Office said it had uncovered management failures related to investments at China Investment Corp., the country's...